A&M India hires former McKinsey, Accenture execs to strengthen top deck
Professional services and turnaround firm Alvarez & Marsal (A&M) has strengthened its energy and resources practice in India with the hiring of two senior executives, as it continues to beef up its leadership teams across verticals. The firm said Thursday it has appointed former McKinsey & Company partner Kunwar Vijayant Singh ......
First Bridge nears halfway mark for second PE fund, gets new LP
Indian private equity firm First Bridge has brought on board a new limited partner for its second fund as it reaches closer to touching the investment vehicle’s halfway mark, VCCircle has gathered. The Mumbai-based PE firm, led by former Future Group executive KK Rathi and former India Resurgence Fund executive Vishal ......
Bottomline: Peepul-controlled cookie maker Unibic had a modest FY24. Can it bounce back?
Bengaluru-based cookie maker Unibic Foods India Pvt. Ltd. recorded a tepid topline growth in FY24 amid weak urban consumer demand in a segment inundated with well-established brands. However, a solid recovery in the current financial year could hinge on how effectively the cookie maker utilizes its capacity addition. Unibic, which manufactures over ......
South Africa's Ascension Capital Partners strikes second bet from $83 mn fund
Ascension Capital Partners, a South Africa-based private equity firm that backs mid-sized high-growth businesses in the country has struck a second bet from its $83 million (1.5 billion South African Rand)-target fund, acquiring a payment profile hosting credit bureau. The Pretoria-headquartered PE firm acquired Consumer Profile Bureau (CPB), known for its ......
Pepperfry-backer Panthera Growth sets sight on $300 mn fund next year
Singapore-based Panthera Growth Partners (PGP), whose portfolion includes BigBasket, Pepperfry, and Zivame from its first two funds, plans to soon launch its third investment vehicle, at least two people aware of the matter told VCCircle. The growth-stage venture capital firm, which seeks to invest in technology, infrastructure, analytics, and software-as-a-service sectors ......
EQT-backed CitiusTech plans return to M&A street for European expansion
Healthtech firm CitiusTech is looking at possible acquisition targets to expand its business in Europe, as the company that counts Swedish private equity firm EQT as an investor returns to M&A street after a two-year gap. CitiusTech acquired one company each in 2020, 2021 and 2022 but went quiet thereafter as ......
Veefin Solutions to buy EpikIndifi in its third acquisition
Veefin Solutions Ltd, a supply chain fintech startup that listed on the BSE’s SME platform last year, has acquired digital lending platform EpikIndifi Softare & Solutions Pvt Ltd in its third acquisition in the last three months, a top executive told VCCircle. Veefin will pay in a mix of cash and ......
MENA Digest: Deal activity picks up with two big Series A funding
Fintech startups in the Middle East and North Africa region accelerated the dealmaking activity this week led by UAE’s Ziina and Saudi startup Malaa. The two raised double-digit Series A funding. Other startups that secured funding include Saudi SaaS provider Reachware, Tunisian cleantech player WattNow, HRtech startup Cercli, Also, Saudi-based unicorn ......
How Wipro Ventures’ startup, LP journey shaped up in FY24
Wipro Ventures, the corporate investment arm of software services giant Wipro Ltd, saw only a marginal increase in the value of its portfolio in the financial year 2023-24, even though it continued to invest in tech startups, as well as in other venture capital funds as a limited partner. Wipro’s VC arm saw its ......
Jhunjhunwala family-backed IKS Health may trim IPO size
IKS Health, a Mumbai-based healthtech platform majority owned by the late stock market investor Rakesh Jhunjhunwala’s Rare Enterprises, is contemplating a reduction in the size of its initial public offering (IPO), a person familiar with the matter told VCCircle. IKS Health, operated by Inventurus Knowledge Solutions Ltd, filed a draft red ......
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